- A defeat; an overthrow. - A rendering null or void. - A condition, relating to a deed, which being performed,
the deed is defeated or rendered void; or a collateral deed, made at
the same time with a feoffment, or other conveyance, containing
conditions, on the performance of which the estate then created may be
defeated.
Defeasance Clause Defeasance Clause indicates a legal clause or part of a mortgage agreement where the owner of the property can again own it upright once he/she has paid the full amount...
Definition
[ n.]